715 E 214th Street, Bronx, NY 10467

• 24,302 sqft

Property Description

CAP RATE OF OVER 10% 715 East 214th Street is an excellent multifamily investment opportunity in the thriving Wakefield section of the Bronx. This well-maintained elevator building consists of 37 residential apartments across a diverse unit mix of 19 studios, 9 one-bedrooms, and 9 two-bedrooms, delivering strong in-place cash flow and stable occupancy. The property is 100% occupied with many units held by long-term tenants supported through established housing organizations and government-assisted programs, providing dependable and predictable rental income. The building currently generates $58,319 per month ($699,826 annually) in gross rental income. Operating at an 87%+ NOI margin, the building demonstrates exceptional operational efficiency. Tenants pay heat and electric, keeping landlord expenses low. Conveniently located one block from the 225th Street subway station (2/5 lines) with Metro-North access ~25 min to Grand Central, making it one of Wakefield's most accessible locations.

Listing Status:

Active

Data Last Updated:

June 25, 2026 at 7:22AM

Listing Office:

Link NY Realty : 646-827-2256

MLS ID:

1015537

Interior

• Basement: Full
• A/C: Central AirVaries by Unit
• Heating: BaseboardElectric

Exterior

• Parking: Other

Location

• Originating MLS: onekey2
• School District: Bronx 11
• County: Bronx County

Lot

• Zoning: R7A04662-0023

Utilities

• Utilities: Cable ConnectedElectricity ConnectedNatural Gas ConnectedSee RemarksSewer ConnectedTrash Collection PublicWater Connected
• Water: Public
• Sewer: Public Sewer

Financial

• Source: onekey2